Instant Loan in Mumbai

Mumbai- the financial and commercial capital of India is one of the busiest and expensive cities in the country. It has been and continues to remain the favorite place for many- from Bollywood aspirants to startups to multinational players. Of late, a rather new credit product has emerged in the market - the instant loan in Mumbai, and Fintech lenders like Qbera are offering them. It's definitely not new that there is a definite need for instant loans in Mumbai. Being the financial capital, it has its advantages as the majority of banks and NBFC s are either headquartered here or have a branch. This brings out many financing options for the Mumbai-walas. There is also a healthy demand for instant personal loans here, which are provided by almost all financial institutions. Online personal loans have become the most sought-after solution for instant cash needs. The city life requires instant cash and often one finds themselves in situations where there is a deficit.

Sudden hospitalization, a need to renovate or decorate your home, financing your marriage or education or consolidation of credit card debts any of these can be managed by an instant loan in Mumbai. Banks and NBFC s do take about a week or more to sanction such loans. And being unsecured loans the credit score of an individual also becomes quite important.

So, does that mean that if a person’s credit score is less than ideal then he can’t avail instant personal loan??

Nope, this is where Fintech companies have come in and changed the game. Fintech companies like Qbera do give loans to people with less credit scores and they do it instantly as well. So Instant personal loans in Mumbai can actually reach your bank account in as less as 24-48 hours and your eligibility is determined in 10 mins time.

Eligibility checklist

Salaried

Net take home of Rs. 20,000 and above

Age group of 23-55 years

No defaults in the last 24 months.

CIBIL score of 575

Fintech companies use modern digital algorithms to determine the creditworthiness of an individual. Advancements in this area have allowed them to be able to determine your personal loan creditworthiness in minutes. Also, the whole process is completely digitized. All you need is a computer and internet connection. The online loan application just needs to be filled, documents and bank statements submitted online and after further document collection by company executives and internal verification criterions are met, you can expect the amount in your bank account within 24 hours.

Another advantage of choosing Qbera is that many a time, banks or NBFCs reject an application as the applicant’s company is not listed with them.

Qbera has an exhaustive list of more than 9 lakh companies and so you can be rest assured.

Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.

You’re done! Get the money in your Bank Account as early as tomorrow.

Example: A loan offer of ₹2 lac, for a tenure of 3 years at an
interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%.
Translates to:

Processing Fee deduction of ₹5000 (2.5% of 2 Lacs) from loan amount, thus, the amount credited to your account will be ₹1.95 Lacs

Eligibility Criteria

You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai, Hyderabad, Jaipur, Ahmedabad or Kolkata.

Documents Required after Digital Approval

Aadhaar Card

PAN Card

4 Cheques from your Salary Account

Current Address Proof

Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)

What people are saying

Pradeep

"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."

Shekhar

"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. "
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Syed

"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."

Anish

"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"

Arun

"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"

Bhaskar

"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"